The Coca-Cola Co. posted strong sales in the second quarter due to price increases and rising demand from restaurants, theme parks and other venues.
Cans of Coca-Cola are on display at a grocery market in Uniontown, Pennsylvania, on April 24, 2022. Coca-Cola posted higher-than-expected sales in the second quarter July 26, 2022, due to price increases and continuing improvement in demand at restaurants and other venues. The Atlanta-based company said revenue grew 12% in the April-June period to $11.3 billion.
Coke said it has raised prices globally to compensate for higher ingredient and freight costs. Coke Chairman and CEO James Quincey said those higher prices aren’t yet impacting demand.But Quincey said it’s difficult to get a clear read on consumers right now.
Coca-Cola Zero Sugar sales grew 12% in the quarter on strong global demand. Coffee sales rose 15% as Coke placed its Costa coffee brand in new markets.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coca-Cola Earnings Beat Wall Street Estimates as Sales Volume Recovers From PandemicCoke reported quarterly earnings and revenue Tuesday that exceeded analysts’ expectations.
Read more »
Coca-Cola beats on adjusted profit and revenue despite cost and currency headwindsCoca-Cola Co. undefined reported second-quarter net income of $1.905 billion, or 44 cents per share, down from $2.641 billion, or 61 cents per share, last...
Read more »
Coca-Cola Earnings Beat Wall Street Estimates as Sales Volume Recovers From PandemicCoke reported quarterly earnings and revenue Tuesday that exceeded analysts’ expectations.
Read more »
Here Are the Lyrics to Brent Faiyaz’s ‘All Mine’Follow along with the lyrics to Brent Faiyaz’s 2022 hit.
Read more »
Alphabet’s Google posts higher quarterly revenue, easing worriesThe company said second-quarter revenue rose to $69.69 billion from $61.88 billion a year earlier.
Read more »
LVMH records prosperous first half of 2022, every sector shinesFrench luxury conglomerate LVMH is happily ruminating on its successful first half of 2022, which saw a 28 percent increase in revenue compared to the same time period in 2021.
Read more »